11.4.05

Used Prius prices top list price for a new Prius - Apr. 11, 2005

Used Prius prices top list price for a new Prius - Apr. 11, 2005: "NEW YORK (CNN/Money) - Demand for the gas-electric hybrid Prius is so great that some used Priuses are selling for more than the list price for a new one, a report said on Monday.

Buyers who want to avoid the typical two-month waiting period for the hot Toyota model are willing to pay the premium, according a study conducted by Kelly Blue Book and Harris Interactive.

Waits at some dealerships can be considerably longer. The market for the used Prius is so strong that some owners are trying to sell them for more than they paid for them.

The survey said that 8 percent of the consumers considered hybrid vehicles in March, twice as much as 4 percent in February. It also said if gas prices reach $3 per gallon 77 percent of car shoppers will seriously consider a more fuel efficient vehicle."

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